August 2018

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Indian textile machinery major Lakshmi Machine Works (LMW) posted a rise of 5.41 per cent in net sales to Rs 673.19 crore in fourth quarter of year ended March 31, 2016 as compared to Rs 638.61 crore in the corresponding quarter last fiscal, according to a statement filed by the company with BSE.

Segment-wise, textile machinery division reported the highest revenue rise, with revenue rising 10.46 per cent during the quarter to Rs 627.61 crore as compared to Rs 568.14 crore in the same period previous fiscal.

However, net profit fell 16.61 per cent in the quarter to Rs 560.82 crore as compared to Rs 672.59 crore in the previous quarter.